Inflows through the Roshan Digital Account (RDA) clocked in at $200 million in June, a decline of 11% compared to $224 million in May 2024, the State Bank of Pakistan (SBP) said on Friday.
Out of the total amount, $14 million has so far been repatriated, while funds to the tune of $142 million have been utilised locally. The net repatriable liability stands at $42 million.
The central bank shared that total number of RDA accounts opened reached 712,778 from 702,610 a month ago at May-end, showing a month-on-month increase of 10,168 accounts.
As per the latest data available on the SBP’s website, the cumulative RDA inflow clocked in at $8.255 billion by the end of the previous month, out of which $1.61 billion has so far been repatriated, while funds to the tune of $5.212 billion have been utilised locally.
Consequently, total net repatriable liability stands at $1.432 billion as of June-end.
Out of the total outstanding liability, an amount of $940 million is with Naya Pakistan Certificates, with $348 million in conventional NPCs and $592 million in Islamic instruments.
Similarly, an amount of $422 million is ‘balances in accounts’, the SBP data showed.
Meanwhile, Roshan Equity Investments inched up monthly and stood at a meagre $38 million.
Background
RDA is a significant source of foreign exchange inflows for cash-starved Pakistan.
The initiative was launched in September 2020 by the SBP and offers up to 8% profit on US dollar investments.
Inflows through the Roshan Digital Account (RDA) clocked in at $200 million in June, a decline of 11% compared to $224 million in May 2024, the State Bank of Pakistan (SBP) said on Friday.
Out of the total amount, $14 million has so far been repatriated, while funds to the tune of $142 million have been utilised locally. The net repatriable liability stands at $42 million.
The central bank shared that total number of RDA accounts opened reached 712,778 from 702,610 a month ago at May-end, showing a month-on-month increase of 10,168 accounts.
As per the latest data available on the SBP’s website, the cumulative RDA inflow clocked in at $8.255 billion by the end of the previous month, out of which $1.61 billion has so far been repatriated, while funds to the tune of $5.212 billion have been utilised locally.
Consequently, total net repatriable liability stands at $1.432 billion as of June-end.
Out of the total outstanding liability, an amount of $940 million is with Naya Pakistan Certificates, with $348 million in conventional NPCs and $592 million in Islamic instruments.
Similarly, an amount of $422 million is ‘balances in accounts’, the SBP data showed.
Meanwhile, Roshan Equity Investments inched up monthly and stood at a meagre $38 million.
Background
RDA is a significant source of foreign exchange inflows for cash-starved Pakistan.
The initiative was launched in September 2020 by the SBP and offers up to 8% profit on US dollar investments.
American Dollar Exchange Rate